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Taco Bell parent Yum Brands authorizes share buybacks of up to $2 billion

Yum Brands Inc. YUM, +0.25% whose portfolio of fast-food chains includes Taco Bell, KFC and Pizza Hut, stated Friday that it has licensed up to $2 billion in proportion buybacks through the end of 2019. This is in addition to the remainder $329 million from earlier authorizations. Yum Brands stocks are down 0.7% in early Friday trading, however up 0.eight% for the yr thus far. The S&P 500 index SPX, -0.71% has received 6.1% for the length.

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